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Search Results 0 to 26 of about 27 (some duplicates have been removed)
this morning, warnings to pentagon workers about pay cuts and potential layoffs if congress fails to act on a looming budget deadline. the impact of this one could be pretty far reaching. >>> a new reason to study your credit card statements carefully. the sneaky hidden fees that could be costing you and how to avoid falling victim to them in the first place. >> that's a good way to get angry. look at your cell phone bill, your credit card bill, all those little things they tack on, you've got to call them out sometimes. >> if you call them and say what's this? sometimes they'll say, oops. >> oh, i'm sorry. how did that get on there? let me take that off. >> you've been paying $3 for four years? but we're not going to give your money back. >> we'll take care of it next month. so important advice coming up in that piece. >>> and later this half hour, he's among the most eligible bachelors on the planet. now it looks like prince harry has a new squeeze. hopefully not that snake. find out who she is coming up in "the skinny." he gets around though, man. plins harry doesn't say -- >> i've sa
for the pentagon. >> on our civilians it will be catastrophic. >> reporter: civilians like sue ann falkenburg, a single mom 3,000 miles away in california. i would have to get a part-time job to support my family. >> reporter: falkenburg is worried about the pay cut or furlough. >> i can't exactly call my landlord and say, hey, i got a 20% cut in my salary, can you reduce the rent for 20%? >> reporter: it's not just the pentagon. dozens of cuts including the fbi will have to make difficult choices. >> the fbi will have to be in a position to evaluate where the reductions will come from and that may impact the national security arena. >> reporter: the democrats' congressional campaign committee also goes on the offensive today. they will accuse republican of risking 700,000 jobs in order to protect special interest tax loopholes. >>> a total disaster, that's what one walmart executive reportedly wrote about a plunge in sales. i it's announcing its report this morning. rebecca jarvis is here this morning. good morning. >> good morning. >> what are they saying and what are they saying about the
be slashed. the pentagon would take a major hit because they have a huge civilian work force. >> more than 80 percent of our civilians were outside of the d.c. metro area. >> one economist david that more than 2 million people will be out of work and 10 percent of them will be in california. >> coming up on kron 4 news weekend we will have the latest on the legal case against olympic debu double amputee oscar pistorius. but first, let's take a live look outside as san francisco. mom, i invited justin over for lunch. good. no, not good. he's a vegetarian and he's going to be here in 20 minutes! [ mom ] don't stress. we can figure this out. ♪ [ male announcer ] get the speed to make a great first impression. call today to get u-verse high speed internet for as little as $14.95 a month for 12 months with a one-year price guarantee. this is delicious. ♪ [ male announcer ] save the day in an instant. at&t. ♪ i'm just red carpets, big spectacles and the a-list. that's only the beginning. i have more than one red carpet. i like all sorts of spectacles. from the grandiose, to the impromptu... t
to make cuts that are coherent than at the level of the entire pentagon. the more discretion you give the white house, the easier these cuts might go. so senator republicans of that said, we're willing to give you that discretion. house republicans are gearing up to pass legislation along those lines as well. the thing is that senate democrats are not going to go along with it and the president doesn't want to go along with it. if the president has that discretion to see to it those cults don't have such disastrous effects then the president actually owns the cuts that he actually has to make. so partly there's a pass the buck dynamic going on here as well. >> let me jump through this quickly on one quick question. if, in fact, this does not -- the sequester comes through and the economy gets into trouble, next year we go to the midterm votes, do you think voters will look back and say, it was the republicans' fault? or do you think by then it will be the usual equation of, you're the party in charge, democrats, the economy's failing again, it's your fault, you pay? what do you think?
the sequester. that the cuts will take effect for a short period of time. the pentagon is going with congress to say that they are likely go to furlough more than 700,000 employees if these cuts were to take effect. it's basically going to be a 20% pay cut for those employees. and that's going to trickle down into the economy. now that announcement comes one day after president obama called on congress to act. >>> vice president joe biden is offering up advice on the best way to defend yourself in you with a firearm. in a facebook meeting tuesday, biden talked about the white house efforts to restrict the size of ammunition clips and other proposals. during that chashgts biden said the best thing foreprotection is a shotgun. >> put that double-barrel shotgun and fire two blasts outside the house. i promise you, whoever is coming in is not going to -- you don't need an ar-15. it's harder to aim. it's harder to use. and in fact, you don't need 30 rounds to protect yourself. buy a shotgun. >> buy a shotgun. all right. biden said he keeps two shotguns locked up at home and he's told his wife jill
including cost support options, call 1-888-xarelto or visit goxarelto.com. >>> the pentagon is warning today of drastic civilian cutbacks under the automatic budget cuts set for march 1st. our pentagon correspondent barbara starr is standing by with more on that story. what are they saying? >> well, you know, fredricka, we've been hearing for weeks about this fancy word around washington called sequester. what are we really talking about? layoffs at the pentagon, cutbacks in military spending, but it is the layoffs that are going to start if this budget cut problem is not solved, if congress cannot avert mandatory spending cuts. what the pentagon did is notify congress, are some 800,000 civilian workers are facing one day of furlough for the next 22 weeks. it is going to start hitting an awful lot of people right in the pocketbook. i want you to have a quick listen to one of the pentagon officials that explained some of the impact today. >> the effects of sequestration and the continuing resolution on our military personnel will be devastating. but on our civilians, it will be catastrophic.
at the pentagon, chuck hagel, and then john brennan, his pick for the cia. obviously the benghazi matter is an obstacle for chuck hagel's confirmation and vote there in congress and then this john brennan matter is very important to the issue of these targeted drone strikes, rand paul, the senator from kentucky has said that he is willing to hold up that vote on john brennan. if he doesn't receive assurances from the white house that the united states will not target any drone strikes on americans on american soil. so some of this information i think the administration is hoping will at least for now satisfy some of those members with these concerns, wolf. >> it's going to be a tough battle, i take it. both of these confirmations likely to go through next week. but it's by no means a done deal, is it? >> reporter: it's not a -- especially when you have senators saying they may hold up nominees and so we're going to have to wait and see whether or not senator paul is satisfied with the information that he's getting from the white house. but this is perhaps, you know, a break in an impasse
jennifer griffin live from the pentagon with more on that. >> reporter: today the deputy defense secretary, jon, warned by the end of the year two-thirds of all army units will not be ready to fight other wars, and there won't be enough money to put out to sea a third of the navy ships. the warning comes one day after the pentagon told congress it is going to have to furlough half of its 800,000-civilian workers. the hardest-hit states, california and virginia. our team went to hampton roads, virginia, yesterday. tom taylor owns a ship repair business there. >> it's not like turning on a spigot. you don't turn it on, turn it off, you know? if it's canceled, these things are months or years in the planning stage, so if they are canceled, you know, they don't come right back, you know? so that's pretty alarming. >> i want to know when am i looking -- am i getting laid off in march or april? you're one of those people who are living paycheck to paycheck, then you're, you have no secondary plan, and that's going to be horrible, it's going to cause a lot of stress. >> i'm very concerned about t
out of federal programs and the pentagon. 800,000 civilian employees have been told by the defense department that they will likely be placed on unpaid leave. with the house and senate still in recess, a number of democrats are calling for congress to reconvene to deal with this mess. secretary of state john kerry, meanwhi meanwhile, is reminding his former colleagues that actions here at home do have global implications. take a listen. >> it is often said that we cannot be strong at home if we're not strong in the world. but in these days of a looming budget sequester that everyone actually wants to avoid, or most, we can't be strong in the world unless we are strong at home. my credibility is a diplomat, working to help other countries create order is strongest when america, at last, puts its own fiscal house in order. and that has to be now. let's reach a responsible agreement that prevents these senseless consults. let's not lose this opportunity because of politics. >> you know, mike barnicle, politics is such a cruel, cruel game. seriously. there's one guy that gets to the to
say that means as many as 700,000 of the 800,000 civilians who work for the pentagon. >> this is not a beltway phenomenon. on our civilians it will be catastrophic. >> reporter: civilians like sue ann fallenberg a single mom and administrative assistant at a naval school 3,000 miles away from washington in monterey california. >> i would have to get a part-time job to support my family. >> reporter: she is worryied about the 20% pay cut if she's furloughed or put on involuntary pay one day a week. >> can you reduce the rent for 20%? i can't say that. >> reporter: and it's not just cuts to the pentagon dozens of agencies including the fbi will also have to make difficult choices. >> the fbi would be in the position of having to evaluate where those reductions can come from, and that may impact in the national security arena. >> reporter: the president will continue in coming days to highlight the hardships to individuals and to the public at large if the cuts take place. democrats congressional campaign committee also goes on the offensive today.
, when it comes to cuts, maybe it's not as bad as the pentagon and others are warning. because he says republicans should argue that overall defense spending is still on the rise. now, cornyn admits that this is even a change for him. help said he would listen to leon panetta and others say these across the board spending cuts would be devastating. but he says he looked into it and he decided the best message for himself and other republicans, and of course this is the number two senate republican, is to say, you know what, maybe it's not going to be that bad. but as you well know, wolf, arguing that any cuts in military spending is an anthem ma to most republicans so i would imagine he's going to get some backlash on that messaging when he talks to republicans about it tomorrow. >> when it comes to gop legislation to prevent the negative impact from the sequester, what are you hearing, what's going on? >> reporter: what's going on right now is there is sort of the leading idea among senate republicans for a proposal that they will probably vote on this week. is to give the president f
. >>> but first, some facts. pentagon will take the biggest hit from the cuts. president obama warned of dire consequences yesterday. >> the threat of these cuts has forced the navy to delay the deployment of an aircraft carrier to the persian gulf. affecting our ability to respond
, the pentagon has grounded the entire fleet of f-35 fighter jets. a crack was found in the engine of one of the planes during a routine inspection. $400 billion, the f-35 program is the most expensive weapons system in military history. >>> five, now with no deal in sight, we are six days away from forced spending cuts that will slash $85 billion in spending and the white house is putting pressure on republicans. >> the here is the thing. these cuts don't have to happen. congress can turn them off any time with just a little compromise. they can pass a balanced plan for deficit reduction. they can cut spending in a smart way and close wasteful tax loopholes for the well-off and well-connected. unfortunately, it appears that republicans in congress have decided that instead of compromise, instead of asking anything of the wealthiest americans, they would rather let these cuts fall squarely on the middle class. >> that's the argument from the president. here is is how the gop is firing back. >>> the fact is republicans in congress right now will provide the flexibility to make the necessar
the president for lost funding in federal programs and the pentagon over ten years, should the sequestration take place. house speaker john boehner said, quote, today the president advanced an argument republicans have been making for a year. his sequester is the wrong way to cut spending. senate majority leader mitch mcconnell insisted "more than three months after the november election, president obama still prefers campaign events to common sense, bipartisan action." and joining us now for more on this from washington, the former chief economist of the international monetary fund and bloomberg view columnist, simon johnson. he's the co-author of "white house burning: our national debt and why it matters to you," now out in paperback. simon, good to see you this morning. >> nice to be with you. >> simon, if you could help us through this over the next week or so, it doesn't look like there's a path to avoiding the sequestration if you listen to the two sides. so how damaging would this be? because we've heard a couple different versions of it that would have immediate impacts, more than 75
Search Results 0 to 26 of about 27 (some duplicates have been removed)

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